Polish shares: time to buy? | beyondbrics

Polish shares: time to buy? | beyondbrics:

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As Poland’s sluggish economy shows signs of being on the road to recovery is it time for investors to re-discover an interest in the country’s equity market?

Poland was spared much of the impact of the recent sell off in EM equities, partly because its market didn’t go so high as those in Asia. The Warsaw Stock Exchange’s WIG-index fell by 10 per cent from the start of the year to its low at the end of April.

Since then investor sentiment has improved and the index is down less than 3 per cent year to date. It has gained more than 4 per cent over the past month alone, despite the market being spooked by a government announcement last month that it planned to reduce the role of private pension funds, the biggest investor in the local equity market. The government said it would unveil the details of its plan in August."

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